§ 2-7-6. Expending certain revenues received subsequent to adoption of budget.
Latest version.
(A) The board of county commissioners may expend restricted revenues even though these revenues are received subsequent to the adoption of the fiscal year budget. Restricted revenues include funds received as a result of state or federal legislation or grants issued by state or federal agencies or other sources that are provided to accomplish specific goals, objectives, or services through the expenditures of the restricted revenue funds.
(B) (1) After January 1 of any fiscal year, if the board of county commissioners reasonably anticipates that revenues for a fiscal year will be sufficient to fund increased expenditures, the board of county commissioners may increase the expenditures adopted in the budget for the fiscal year by an amount not to exceed the increased fiscal year revenues.
(2) These increased expenditures may only be used to repay debt.
